Net incurrence of liabilities, total (% of GDP) in Pacific island small states
Pacific island small states: Net incurrence of liabilities, total (% of GDP) was 3.0% in 2023. ◆ Volatile
Net incurrence of liabilities, total in Pacific island small states, 2011–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, net incurrence of liabilities, total in Pacific island small states stood at 3.0%.
Compared with earlier readings it is down 55.7% on the previous year and up 433.2% over ten years.
Over the whole period, net incurrence of liabilities, total in Pacific island small states peaked at 8.3% in 2021 and was at its lowest, -1.3%, in 2011.
That places Pacific island small states 17th out of 21 groups with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (% of GDP) in Pacific island small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2011 | -1.3% | — |
| 2012 | -0.0% | -96.6% |
| 2013 | -0.9% | +2026.0% |
| 2014 | 1.3% | -239.7% |
| 2015 | 1.6% | +23.7% |
| 2016 | 1.9% | +23.7% |
| 2017 | 2.4% | +25.1% |
| 2018 | 2.8% | +14.7% |
| 2019 | 2.7% | -2.2% |
| 2020 | 7.3% | +166.9% |
| 2021 | 8.3% | +14.4% |
| 2022 | 6.8% | -18.0% |
| 2023 | 3.0% | -55.7% |
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (% of GDP) in Pacific island small states changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | -2026.0% | -0.0% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.2% | -1.3% | 2.8% | 9 |
| 2020s | 6.3% | 3.0% | 8.3% | 4 |
Countries ranked near Pacific island small states
More public sector data for Pacific island small states
- Tax revenue 20.9% (2023)
- Net investment in nonfinancial assets 4.0% (2023)
- Net lending (+) / net borrowing (-) -1.8% (2023)
- Proportion of seats held by women in national parliaments 8.8% (2025)
- Internally displaced persons, new displacement associated with 76,359 number of cases (2023)
- Net acquisition of financial assets 0.5% (2023)
- CPIA business regulatory environment rating 2.78 1=low to 6=high (2025)
- CPIA debt policy rating 3.06 1=low to 6=high (2025)
- CPIA economic management cluster average 3.13 1=low to 6=high (2025)
- CPIA policy and institutions for environmental sustainability rating 3.17 1=low to 6=high (2025)
Frequently asked questions
- What is net incurrence of liabilities, total in Pacific island small states?
- Net incurrence of liabilities, total in Pacific island small states was 3.0% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Pacific island small states?
- The highest recorded value was 8.3% in 2021.
- What is the lowest net incurrence of liabilities, total recorded in Pacific island small states?
- The lowest recorded value was -1.3% in 2011.
- How does Pacific island small states rank for net incurrence of liabilities, total?
- Pacific island small states ranks 17th out of 21 groups with data for 2023.
- Is net incurrence of liabilities, total rising or falling in Pacific island small states?
- Over the last ten years it is up 433.2%. The long-run trend across the full record is volatile.
- Where does this Pacific island small states data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.